What is MRM? How does it work on a lease?
Are you talking about this?
Maximum Residualized MSRP
Or this?
The Manheim Market Report (MMR) is the premier indicator of wholesale prices. A “living algorithm,” pricing calculations for MMR are based on millions of sales transactions for the previous 13 months with precise pricing unmatched by guidebooks.
This is what I found
Maximum Residualized MSRP ALG Residual means, with respect to any Lease, the residual value estimate produced by Automotive Lease Guide at the time of origination of the Lease that is a percentage of the “Maximum Residualizable MSRP,” which consists of the MSRP of the typically equipped vehicle and value adding options .
How does that work on a lease? Is it a inflated residual?
It’s really the opposite.
Basically is saying if you have a vehicle with a base MSRP of $65k and $15k in options, but an MRM of $70k, the RV is based on an “MSRP” of $70k, not $80k.
TLDR don’t lease a car with an MSRP above MRM
Unless it is so special that you are willing to pay every cent of that difference plus plus
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